Amazing illustration - really simplifies what the debate on marginal taxes is about.
#TaxTheRich #MarginalTaxRate
When the US had 70 to 90% #MarginalTaxRate we pulled out of a depression, fought a world war, built the Interstate Highway System and went to the Moon.
The #MarginalTaxRate is nothing new. For much of modern history, the rate has been between 70-92%.
With wealth inequality at an all time high, this is a necessary tool to lift millions out of poverty, fund #MedicareForAll , a #GreenNewDeal , and cancel student debt.
Instead of debating a #MarginalTaxRate on the 1%, as most Americans support, the right pretends we're proposing a 70%+ tax on all income. That's simply not true.
If you make $10,000,001 a year, a 70% rate only applies to the last $1, totaling 70 cents.
citypages.com/news/rep-ilhan…
Geçen gün bir konuşmada ortalama vergi oranı ( #AverageTaxRate )( #EffectiveTaxRate ) ile marjinal vergi oranının ( #MarginalTaxRate ) farkının ne olduğu sorulmuştu.
1) Aşağıdaki görsel bu konuyu çok iyi açıklamış. İkisinin ayrıldığı noktalara kısaca ben de değineyim.
We need a #WealthTax :
✅Pay Ratio Corporate Tax
✅2% on those worth > $50 million
✅3% on those worth > $1 billion
✅ #MarginalTaxRate : At least 70% on income > $10 million
Most Americans support this to reduce the worst wealth inequality the world has ever seen.
The rate of unemployment should also be measured on the basis of non-exploitative jobs. #Davos2019 #taxTheRich #marginaltaxrate #inequality row
The Alexandria Ocasio-Cortez Effect: turning “boring policy” into approachable, water-cooler talk.
#marginaltaxrate #googletrends g.co/trends/ymCpA
#EarlyView 'Changes in marginal tax rates over the past three decades in the United States' by Xikai Chen UTS Business School, Meiting Lu Macquarie University, Yaowen Shan UTS Business School doi.org/10.1111/acfi.1… #MarginalTaxRate #TaxRateChange
A 1.3 trillion dollar tax scam for the rich that leaves behind working families does not make our union strong.
A #WealthTax and 70%+ #MarginalTaxRate will make sure our economy works for everyone, not just Wall St.
#SOTU
Thank you Justice Democrats & Alexandra Rojas for posting this video. Hope n Change failed us last time. Thx to all progressives for transforming this debate #MarginalTaxRate #MedicareForAll #Legalize Hip (Eponymous) Poor Boy DHorn Sade Ariyike @FsuGoody
I wish every American who understands addition, subtraction, and multiplication could read this short set of notes about marginal tax rates. investinganswers.com/financial-dict…
cc: Alexandria Ocasio-Cortez, Ro Khanna, Tulsi Gabbard 🌺, Cenk Uygur, Jimmy Dore
tags: #iteachmath #mtbos #taxes #marginaltaxrate
Waleed Shahid 🪬 No longer have realistic center, shifted so far to Right that Democratic values & objectives, like those under FDR, which Bernie Sanders promotes, seem radical, labeled 'communist' by GOP. Like higher #MarginalTaxRate , 63-94% for 55 yrs in US. Going Left is Return to Democracy.